1425 W Stoneridge Ct - Apartments FOR SALE


Ontario, CA 91762
$3,400,000 USD
909-418-2071
1425 W Stoneridge Ct, Ontario, CA for Sale
$3,400,000 USD
Apartments - FOR SALE
1/43
null | 5.07% Cap Rate

1425 W Stoneridge Ct
Ontario, CA 91762


HIGHLIGHTS

  • Ability to Assume $1,825,000 Loan at 3.43% for Approximately Two More Years.
  • Ontario is the Premier Rental Market of the Inland Empire with a Central Location to All of Southern California, Historic Low Vacancy
  • Property Features 8 1-Bedroom/1-Bathroom Units & 4 2-Bedroom/1.5-Bathroom Town House Style Units | Average Unit Size of 727 Square Feet
  • This Well-Maintained Property is a Clean Investment, Allowing a New Owner to Immediately Capitalize on a High-Demand Location
  • Private Off-Street Assigned Parking, On-Site Laundry Facility, Security Video Monitoring, and is part of a Well-Kept HOA Community
  • Vinyl Plank Flooring, Vertical Blinds, Granite Counter Tops, Stainless Steel Appliances, Private Patios, Renovated Bathrooms, and Wall A/C and Heating

OVERVIEW

CBRE, Inc. is proud to present a rare opportunity to acquire a pride of ownership 12-unit apartment community located at 1425 W Stoneridge Court in Ontario, CA. This exceptional offering is strategically located just minutes from major transportation arteries, positioning it to capitalize on the thriving Inland Empire market. The property spans across a spacious ±13,500-square-foot lot and offers ±8,718 SF of rentable space. The property offers a desirable unit mix on 8 1-Bedroom/1-Bathroom units and 4 2-Bedroom/1.5-Bathroom townhouse style apartments averaging 727 square feet per unit that is highly sought after by today’s renters. The units boast modern upgrades and fixtures including vinyl plank flooring, granite countertops, stainless steel appliance packages, private patios (in select units), renovated bathrooms, and efficient wall air conditioning and heating units. The property also offers private off-street assigned parking, on-site laundry facility, security video monitoring, and is part of a well-kept HOA community providing uniformity and cleanliness throughout the neighborhood. 1425 W Stoneridge Court is ideally situated for easy commuting and access to local amenities. Residents enjoy quick access to major freeways, including the 60 and 10, which provide connectivity throughout the Inland Empire and beyond. The property is also conveniently located just a short distance from the Ontario International Airport (ONT), a significant regional hub for travel and employment. Public transportation options are readily available, with the Ontario–East Metrolink station nearby for regional train travel on the Riverside Line. This central location places it within close proximity to a wealth of services, including Ontario Regional Medical Center, Ontario Mills shopping center, and a diverse array of dining and entertainment options. This prime location benefits from the robust and growing workforce of the Inland Empire, creating a strong and stable demand for quality rental housing. This property represents a valuable long-term investment or an ideal owner-user opportunity. Whether you’re a first-time investor, a seasoned professional looking to expand your portfolio, or considering a 1031 Exchange, this turn-key asset offers exceptional stability and enduring value in one of Southern California’s most dynamic markets. Don’t miss your chance to acquire this high-demand property.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$390 USD /SF

# OF UNITS

12

PRICE/UNIT

$283,333

CAP RATE

5.07%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

100

YEAR BUILT

1962

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,500 SF

ZONING

HDR-45

APN/PARCEL ID

1010-552-26

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

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Eric ChenCBRE, Inc.More Info
909-418-2071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.